Renovated Corner-Lot
For Sale
$405,999
6627 S West Shore Boulevard, Tampa, FL 33616
Fully occupied two-unit property with updated interiors, private laundry rooms, and storage in each residence.
Property Size1,832 SF
Price / SF$221.62
Days on Market46
Property Features for 6627 S West Shore Boulevard
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
private in-unit laundry
Building Details
Year Built
1973
Buildings
1
Tenancy
Multi
Listing Agency:
SEXAUER REAL ESTATE INTL.
(727) 641-3644
Listed By:
Steve Sexauer · License #3165433
Source:
Fulcrum-residential
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 8:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SEXAUER REAL ESTATE INTL.
Investment Insights
Based on property information with market context.
This 1,832-square-foot duplex contains two renovated residences with spacious bedrooms, modern vinyl plank flooring, upgraded baseboards, refreshed galley kitchens, and updated bathrooms. Each unit also includes a private laundry room with additional storage. New roofs and updated windows are among the property improvements. Both units are occupied by long-term tenants, providing established rental occupancy at closing.
The property sits on a corner lot at 6627 S West Shore Blvd in South Tampa. The offering is being marketed with the neighboring duplex at 6625 S West Shore Blvd, which shares a patio area and features the same floor plan. The two properties provide a matched pair of income-producing duplex assets in the same immediate setting.
The property sits on a corner lot at 6627 S West Shore Blvd in South Tampa. The offering is being marketed with the neighboring duplex at 6625 S West Shore Blvd, which shares a patio area and features the same floor plan. The two properties provide a matched pair of income-producing duplex assets in the same immediate setting.
Key Highlights
- 1,832‑square‑foot duplex with two residential units
- Renovated galley kitchens, bathrooms, flooring, windows, and roofs
- Private in‑unit laundry rooms with storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 1,832 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.8K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.5K $16.67/SF
− OpEx
−$9.2K −$5.00/SF
NOI
$21.4K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.4K
NOI $19,882 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$426.8K
$373.5K – $497.9K
NOI $29,876 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 33616, FL
14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with updated interiors, private laundry rooms, and storage in each residence.
Where is this duplex located?
The property is located at 6627 S West Shore Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $405,999.
What are key features of this property?
This property features: 1,832‑square‑foot duplex with two residential units; Renovated galley kitchens, bathrooms, flooring, windows, and roofs; Private in‑unit laundry rooms with storage
